Higher revenue, wider margin lift ANY profit 31%
After-tax profit of ANY Security Printing Company climbed 31% to HUF 1.6 billion last year as revenues rose and margins improved, state news agency MTI reported, citing an earnings report released late Monday.
Revenues at ANY Biztonsági Nyomda Nyrt. (ANY Security Printing Company) rose 17% to HUF 24.9 billion. Direct cost of sales increased at a slower rate, climbing 14% to HUF 17.2 bln, lifting gross profit by 24% to HUF 7.7 bln.
Exports were up 11% and generated 37% of revenue, ANY noted.
In a separate statement, CEO Gábor Zsámboki said the companyʼs board would propose an HUF 84 per-share dividend on 2016 earnings at its annual general meeting.
Hungary Gasoline Prices 3% Over Regional Avg
Hungary to Address Future of Cohesion Policy During EU Presi...
Cordia’s Marina City Project Begins
Budapest Airport Wins 'Best Airport in Eastern Europe' for 1...
SUPPORT THE BUDAPEST BUSINESS JOURNAL
Producing journalism that is worthy of the name is a costly business. For 27 years, the publishers, editors and reporters of the Budapest Business Journal have striven to bring you business news that works, information that you can trust, that is factual, accurate and presented without fear or favor.
Newspaper organizations across the globe have struggled to find a business model that allows them to continue to excel, without compromising their ability to perform. Most recently, some have experimented with the idea of involving their most important stakeholders, their readers.
We would like to offer that same opportunity to our readers. We would like to invite you to help us deliver the quality business journalism you require. Hit our Support the BBJ button and you can choose the how much and how often you send us your contributions.
